Looks a bit better than past announcements which referenced a...

Looks a bit better than past announcements which referenced a letter of intent (LOI) initially e.g.

http://www.stocknessmonster.com/news-item?S=AZZ&E=ASX&N=639720

They did sign then sign a Purchase and Sale agreement however, so basically what we have here;

http://www.stocknessmonster.com/news-item?S=AZZ&E=ASX&N=646593

And the outcome........Let's hope we don't see another announcement like this!

http://www.stocknessmonster.com/news-item?S=AZZ&E=ASX&N=666764

The Board of Directors as a result of now being of the belief that Northern Star is both sustainable and repeatable have concluded that the highest possible returns can be achieved for shareholders through the development of its Permian Assets rather than the proposed sale. For this reason Antares has withdrawn from the sales process

Overall the deal isn't binding from the language used, and given the history the market is right to be vary!